gmax
Long

VIX is all time low and reached it support level at around $27

AMEX:VXX   IPATH S&P 500 VIX SHORT TERM FUTURES TM ETN
Very good risk reward trade, to capitalize on future earnings and volatility that it can cause. Also all old world problems that causes a to of volatility in February - April             of 2014 are still there. The volatility can mainly increase due to crisis in Ukraine/Russia, Iraq, Iran, financial troubles of EU, slow down in China. And don't forget all upcoming talks about the end of QE and Interest increase,
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